Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Accumulated Other Comprehensive Loss

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following represents changes in Accumulated Other Comprehensive Loss attributable to Graphic Packaging Holding Company by component for the six months ended June 30, 2021:

In millions, net of tax	Derivatives Instruments		Pension and Postretirement Benefit Plans		Currency Translation Adjustments		Total
Balance at December 31, 2020	$	(13)	$	(139)	$	(94)	$	(246)
Other Comprehensive Income before Reclassifications	4		19		1		24
Amounts Reclassified from Accumulated Other Comprehensive Income (a)	2		1		—		3
Net Current-period Other Comprehensive Income	6		20		1		27
Less:
Net Current-period Other Comprehensive Income Attributable to Noncontrolling Interest	(1)		—		—		(1)
Balance at June 30, 2021	$	(8)	$	(119)	$	(93)	$	(220)

(a) See following table for details about these reclassifications.

The following represents reclassifications out of Accumulated Other Comprehensive Loss for the six months ended June 30, 2021:

In millions
Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss			Affected Line Item in the Statement Where Net Income is Presented
Derivatives Instruments:
Commodity Contracts	$	(1)		Cost of Sales
Foreign Currency Contracts	1			Other Expense (Income), Net
Interest Rate Swap Agreements	3			Interest Expense, Net
	$	3		Total before Tax
	(1)			Tax Expense
	$	2		Total, Net of Tax
Amortization of Defined Benefit Pension Plans:
Actuarial Losses	$	2	(a)
	$	2		Total, Net of Tax
Amortization of Postretirement Benefit Plans:
Actuarial Gains	$	(1)	(a)
	$	(1)		Total, Net of Tax
Total Reclassifications for the Period	$	3

(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (see “Note 5 — Pensions and Other Postretirement Benefits").